Market Overview

PG&E Investors Optimistic Following California Senate's Wildfire Measure

PG&E Investors Optimistic Following California Senate's Wildfire Measure

PG&E Corporation (NYSE: PCG) shares were trading higher Tuesday after the California Senate passed a plan to address wildfire impacts on the state’s investor-owned electric utilities.

The bill AB1054 addressing the wildfire crisis surrounding the state’s investor-owned electric utilities moved swiftly through the Senate Monday, according to the San Francisco Chronicle

The bill would set up a new $21-billion fund to help utilities endure future wildfire costs.

PG&E shares were trading higher by 4.86% at $22.78 at the time of publication Tuesday. The stock has a 52-week high of $49.42 and a 52-week low of $5.07.

Related Links:

Aftershocks Rattle SoCal, But Damage, Economic Impact Minimal

What's Next For PG&E? Bondholders Look To Forge New Path For The Company

Posted-In: UtilitiesNews Politics General Best of Benzinga


Related Articles (PCG)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at